Segment Reporting

3 Months Ended

Mar. 28, 2020

Segment Reporting [Abstract]

SEGMENT REPORTING

12.  SEGMENT REPORTING

The Company has two reportable segments: Hydraulics and Electronics. These segments are organized primarily based on the similar nature of products offered for sale, the types of customers served and the methods of distribution and are consistent with how the segments are managed, how resources are allocated and how information is used by the chief operating decision makers.

The Company evaluates performance and allocates resources based primarily on segment operating income. Certain costs were not allocated to the segments as they are not used in evaluating the results of, or in allocating resources to the Company’s segments. These costs are presented in the Corporate and other line item. For the three months ended March 28, 2020, the unallocated costs totaled $36,293 and primarily relate to amortization of acquisition-related intangible assets and the goodwill impairment charge. The accounting policies of the Company’s operating segments are the same as those used to prepare the accompanying Consolidated, Unaudited Financial Statements.

The following table presents financial information by reportable segment:

	Three Months Ended
	March 28, 2020			March 30, 2019
Net sales
Hydraulics	$	103,818		$	116,463
Electronics		25,665			30,388
Total	$	129,483		$	146,851
Operating (loss) income
Hydraulics	$	21,482		$	23,762
Electronics		4,778			6,512
Corporate and other		(36,293	)		(4,442	)
Total	$	(10,033	)	$	25,832
Capital expenditures
Hydraulics	$	2,394		$	8,145
Electronics		543			647
Total	$	2,937		$	8,792

	March 28, 2020		December 28, 2019
Total assets
Hydraulics	$	733,632	$	768,324
Electronics		250,818		251,252
Corporate		9,399		2,175
Total	$	993,849	$	1,021,751

Geographic Region Information

Net sales are measured based on the geographic destination of sales. Tangible long-lived assets are shown based on the physical location of the assets and primarily include net property, plant and equipment and exclude right-of-use assets:

	Three Months Ended
	March 28, 2020		March 30, 2019
Net sales
Americas	$	58,950	$	67,706
EMEA		35,971		44,220
APAC		34,562		34,925
Total	$	129,483	$	146,851

	March 28, 2020		December 28, 2019
Tangible long-lived assets
Americas	$	86,490	$	87,104
EMEA		27,842		28,436
APAC		16,739		18,004
Total	$	131,071	$	133,544